White House: Tariffs on $200 billion China goods to be announced ‘soon’

US President Donald Trump’s announcement on imposing punitive import tariffs on another $200 billion in Chinese goods is expected “soon,” a White House official say.

Amid continued trade tensions with the world’s second largest economy, Trump “has not been satisfied with the talks with China on this (and) my guess is announcements will be coming soon,” economic adviser Larry Kudlow says on CNBC.

Kudlow declines to specify details of the expected announcement, but notes that news stories indicating Trump will impose 10 percent duties on $200 billion in imports are “more or less correct.”

— AFP

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